Taco Bell for Sale in Shelby, NC
Shelby, NC
Key Investment Metrics
Price
$1,450,000
Cap Rate
4.4%
Net Operating Income
$63,500
Building Size
2287 SF
Land Area
1.01 Acres
Remaining Term
16.7 years
Lease Expiration
03/24/2043
Lease Term
20 years
Lease Commencement
03/25/2023
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Taco Bell in Shelby
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,287 SF
- Land area
- 1.01 acres
- Year built
- 2023
- Lease type
- Absolute NNN
- Lease expiration
- 03/24/2043
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.